Builder Confidence in New Construction Climbs Back Up

Home builder confidence in the new, single-family construction market has climbed back up in the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The Index reading for August was 68, up four points from July. An above-50 reading indicates more builders have a positive outlook than a negative one.“Our members are encouraged by rising demand in the new-home market,” said Granger MacDonald, chairman of the NAHB, in a statement. “This is d